218
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters
Published
May 25, 2011
Reading time
2 minutes
Download
Download the article
Print
Text size

Tourists drive growth at France's Printemps

By
Reuters
Published
May 25, 2011

May 24 - French department store group Printemps expects sales to grow by about 10-15 percent again this year, driven by tourists from China and Russia spending thousands of euros in its Paris stores.

Printemps
Le Printemps department store in Paris (Photo: Corbis)

The average amount for which tourist shoppers are filing tax refunds is more than 700 euros ($987), with Chinese and Russian customers spending in excess of 1,000 euros each, Chief Executive Paolo de Cesare said on Tuesday.

"The Russians are coming back," Cesare told the Reuters Global Luxury and Fashion summit in Paris. "There's a direct correlation between the oil price and the number of Russians coming to our store."

Italian-born Cesare said the rise in sales showed a "strong performance" in the current economic environment and said the group was gaining market share in a stable French apparel market.

He said the top end of the luxury market was outperforming.

"The higher-end customers don't want to trade down," he said. "Even if times are tough, they stay with the brand."

Printemps, which traces its roots back to 1865, has 17 stores in France, but its growth is currently driven predominantly by its flagship Paris store, famous for its art deco cupola.

Cesare said Printemps would open its first new store in 30 years at the end of 2013, in St Jean de Cannes, between Cannes and Nice on the French Riviera.

The CEO called on France to do more to ensure Paris remained attractive as a tourist destination, such as relaxing Sunday trading laws.

"We need to understand that the tourist flows going forward will be Asian," he said.

By Victoria Bryan and Pascale Denis
(Editing by James Regan)

© Thomson Reuters 2024 All rights reserved.